Risk Management and Project Failure

  • Diana White

Abstract

Despite the development of numerous techniques designed to estimate and manage project risk a high percentage of all projects end in failure. By reviewing pertinent literature this paper will attempt to catalogue recurrent causes of project failure and identify and evaluate the commonly used techniques for assessing project risk. It will then argue that complex projects are best tackled using a systems approach. Finally, the potential for using the Formal System Model (FSM) (Fortune and Peters, 1995) as a framework for predicting project risk will be examined.

Keywords

Misleading Information Wide System Project Failure Underlying Technology Expectation Transformation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1997

Authors and Affiliations

  • Diana White
    • 1
  1. 1.Systems DepartmentOpen UniversityMilton KeynesUK

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